Glu Mobile (GLUU) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $-0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.05. The company posted revenue of $54.00 million in the period, compared to analysts expectations of $48.21 million. The company’s revenue was down -13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Glu Mobile opened for trading at $2.66 and hit $2.73 on the upside on Monday, eventually ending the session at $2.72, with a gain of 1.87% or 0.05 points. The heightened volatility saw the trading volume jump to 14,55,553 shares. Company has a market cap of $360 M.
In a different news, on Apr 14, 2016, Scott Leichtner (VP and General Counsel) sold 1,250 shares at $2.82 per share price. According to the SEC, on Apr 14, 2016, Gregory J. Cannon (Vice President, Finance and IR) sold 45,000 shares at $3.00 per share price. On Nov 18, 2015, William J Miller (director) sold 25,000 shares at $3.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Glu Mobile Inc. develops publishes and markets a portfolio of games. The Company offers games to a cross section of users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts such as the Apple App Store Google Play Store and Amazon Appstore among others. The Company creates games based on its own brands including Blood & Glory Contract Killer Deer Hunter Diner Dash Eternity Warriors Frontline Commando Gun Bros and Heroes of Destiny. The Company also creates games based on third-party licensed brands including Kim Kardashian: Hollywood Robocop: The Official Game and Hercules: The Official Game as well as its own branded games that incorporate third-party licensed brands properties and other content such as Racing Rivals and Tap Sports: Baseball. It released around 16 free-to-play games. It has around eight global studios that create and develop its games.